{ "batch": "733-new-mexico-state-creator-tax-deductions", "articles": [ { "id": "learn_r733_new_mexico_state_creator_tax_deductions_733_new_mexico_state_creator_tax_deductions_anchor_ch7", "category": "Business", "title": "[Unverified - being checked] New Mexico Statutes Annotated 1978: Chapter 7 - Taxation (anchor)", "summary": "[Unverified - being checked] The official NMSA 1978 site (NMOneSource.com, New Mexico Compilation Commission) publishes Chapter 7 NMSA 1978 under the title 'Chapter 7 - Taxation'; its text is the chapter PDF linked from this index page.", "body": "The official NMSA 1978 site (NMOneSource.com, New Mexico Compilation Commission) publishes Chapter 7 NMSA 1978 under the title 'Chapter 7 - Taxation'; its text is the chapter PDF linked from this index page.\n\nWhat New Mexico Compilation Commission (NMSA 1978 on NMOneSource.com) actually says:\n\n“Chapter 7 - Taxation - NMOneSource.com”\n\nNote: Anchor record: official statute site (Compilation Commission). The statute text itself is only published there as a chapter PDF.", "source_type": "official", "source_link": "https://nmonesource.com/nmos/nmsa/en/item/4340/index.do", "last_verified": "2026-10-18", "reliability": "STRONG PRACTICE", "source_tier": "A", "source_publisher": "New Mexico Compilation Commission (NMSA 1978 on NMOneSource.com)", "evidence_quote": "Chapter 7 - Taxation - NMOneSource.com", "volatility": "low", "from_batch": "733-new-mexico-state-creator-tax-deductions", "subject": "New Mexico Statutes Annotated 1978", "topic": "Chapter 7 - Taxation (anchor)", "applies_to_country": "US", "applies_to_scope": "NM", "tags": { "lane": "any", "stage": "setting_up", "region": [ "us-nm" ], "platform": "any", "topic": [ "unclassified" ], "explicitness": "any" }, "verification": { "status": "unverified", "label": "Unverified - being checked", "reasons": [ "legal_fetch_over_cap" ], "checked_utc": "20261021-123916Z" } }, { "id": "learn_r733_new_mexico_state_creator_tax_deductions_733_new_mexico_state_creator_tax_deductions_agi", "category": "Business", "title": "NMSA 1978, 7-2-2: Conformity: 'adjusted gross income' is federal AGI", "summary": "NMSA 7-2-2(A): for New Mexico's Income Tax Act, 'adjusted gross income' means adjusted gross income as defined in Section 62 of the Internal Revenue Code, as amended; New Mexico therefore starts from the federal figure.", "body": "NMSA 7-2-2(A): for New Mexico's Income Tax Act, 'adjusted gross income' means adjusted gross income as defined in Section 62 of the Internal Revenue Code, as amended; New Mexico therefore starts from the federal figure.\n\nWhat New Mexico Compilation Commission (NMSA 1978 on NMOneSource.com) actually says:\n\n“\"adjusted gross income\" means adjusted gross income as defined in Section 62 of the Internal Revenue Code, as that section may be amended or renumbered;”", "source_type": "official", "source_link": "https://nmonesource.com/nmos/nmsa/en/4340/1/document.do", "last_verified": "2026-10-18", "reliability": "STRONG PRACTICE", "source_tier": "A", "source_publisher": "New Mexico Compilation Commission (NMSA 1978 on NMOneSource.com)", "evidence_quote": "\"adjusted gross income\" means adjusted gross income as defined in Section 62 of the Internal Revenue Code, as that section may be amended or renumbered;", "volatility": "low", "from_batch": "733-new-mexico-state-creator-tax-deductions", "subject": "NMSA 1978, 7-2-2", "topic": "Conformity: 'adjusted gross income' is federal AGI", "applies_to_country": "US", "applies_to_scope": "NM", "tags": { "lane": "any", "stage": "setting_up", "region": [ "us-nm" ], "platform": "any", "topic": [ "unclassified" ], "explicitness": "any" } }, { "id": "learn_r733_new_mexico_state_creator_tax_deductions_733_new_mexico_state_creator_tax_deductions_fagi", "category": "Business", "title": "New Mexico Taxation and Revenue Department: Personal income tax starts from federal AGI", "summary": "New Mexico personal income tax starts with the Federally Adjusted Gross Income from the federal return; Form PIT-1 makes the exemptions and deductions that New Mexico law allows.", "body": "New Mexico personal income tax starts with the Federally Adjusted Gross Income from the federal return; Form PIT-1 makes the exemptions and deductions that New Mexico law allows.\n\nWhat New Mexico Taxation and Revenue Department actually says:\n\n“Personal income tax in New Mexico starts with the Federally Adjusted Gross Income (FAGI) from your federal return. You are then able to use the Form PIT-1 to make any adjustment necessary in claiming exemptions or deductions allowed by New Mexico law.”", "source_type": "official", "source_link": "https://www.tax.newmexico.gov/individuals/personal-income-tax-information-overview/", "last_verified": "2026-10-18", "reliability": "STRONG PRACTICE", "source_tier": "A", "source_publisher": "New Mexico Taxation and Revenue Department", "evidence_quote": "Personal income tax in New Mexico starts with the Federally Adjusted Gross Income (FAGI) from your federal return. You are then able to use the Form PIT-1 to make any adjustment necessary in claiming exemptions or deductions allowed by New Mexico law.", "volatility": "medium", "from_batch": "733-new-mexico-state-creator-tax-deductions", "subject": "New Mexico Taxation and Revenue Department", "topic": "Personal income tax starts from federal AGI", "applies_to_country": "US", "applies_to_scope": "NM", "tags": { "lane": "any", "stage": "setting_up", "region": [ "us-nm" ], "platform": "any", "topic": [ "unclassified" ], "explicitness": "any" } }, { "id": "learn_r733_new_mexico_state_creator_tax_deductions_733_new_mexico_state_creator_tax_deductions_adj", "category": "Business", "title": "New Mexico Taxation and Revenue Department: Form PIT-ADJ adjusts federal AGI", "summary": "New Mexico provides adjustments to federally adjusted gross income on Form PIT-ADJ (additions, deductions and exemptions), individual credits and rebates on Form PIT-RC, and industry-specific credits on Form PIT-CR.", "body": "New Mexico provides adjustments to federally adjusted gross income on Form PIT-ADJ (additions, deductions and exemptions), individual credits and rebates on Form PIT-RC, and industry-specific credits on Form PIT-CR.\n\nWhat New Mexico Taxation and Revenue Department actually says:\n\n“New Mexico provides a number of adjustments to federally adjusted gross income (FAGI), individual credits and rebates, and industry specific credits for New Mexico individual income tax filers.”", "source_type": "official", "source_link": "https://www.tax.newmexico.gov/individuals/credits-rebates/", "last_verified": "2026-10-18", "reliability": "STRONG PRACTICE", "source_tier": "A", "source_publisher": "New Mexico Taxation and Revenue Department", "evidence_quote": "New Mexico provides a number of adjustments to federally adjusted gross income (FAGI), individual credits and rebates, and industry specific credits for New Mexico individual income tax filers.", "volatility": "medium", "from_batch": "733-new-mexico-state-creator-tax-deductions", "subject": "New Mexico Taxation and Revenue Department", "topic": "Form PIT-ADJ adjusts federal AGI", "applies_to_country": "US", "applies_to_scope": "NM", "tags": { "lane": "any", "stage": "setting_up", "region": [ "us-nm" ], "platform": "any", "topic": [ "unclassified" ], "explicitness": "any" } }, { "id": "learn_r733_new_mexico_state_creator_tax_deductions_733_new_mexico_state_creator_tax_deductions_grtexp", "category": "Business", "title": "New Mexico Taxation and Revenue Department: Gross receipts tax: no deduction for business expenses", "summary": "New Mexico's gross receipts tax allows no deductions for business expenses; deductions and exemptions are those listed in the GRT form instructions.", "body": "New Mexico's gross receipts tax allows no deductions for business expenses; deductions and exemptions are those listed in the GRT form instructions.\n\nWhat New Mexico Taxation and Revenue Department actually says:\n\n“Are there any deductions for business expenses? No, there are not any deductions for business expenses.”\n\nNote: Applies to the gross receipts tax, not to the income tax.", "source_type": "official", "source_link": "https://www.tax.newmexico.gov/businesses/gross-receipts-overview/", "last_verified": "2026-10-18", "reliability": "STRONG PRACTICE", "source_tier": "A", "source_publisher": "New Mexico Taxation and Revenue Department", "evidence_quote": "Are there any deductions for business expenses? No, there are not any deductions for business expenses.", "volatility": "medium", "from_batch": "733-new-mexico-state-creator-tax-deductions", "subject": "New Mexico Taxation and Revenue Department", "topic": "Gross receipts tax: no deduction for business expenses", "applies_to_country": "US", "applies_to_scope": "NM", "tags": { "lane": "any", "stage": "setting_up", "region": [ "us-nm" ], "platform": "any", "topic": [ "unclassified" ], "explicitness": "any" } }, { "id": "learn_r733_new_mexico_state_creator_tax_deductions_733_new_mexico_state_creator_tax_deductions_medical", "category": "Business", "title": "NMSA 1978, 7-2-37: Medical-care expense deduction ended after 2024", "summary": "NMSA 7-2-37(A): the deduction for unreimbursed medical care expenses applied only 'prior to January 1, 2025'.", "body": "NMSA 7-2-37(A): the deduction for unreimbursed medical care expenses applied only 'prior to January 1, 2025'.\n\nWhat New Mexico Compilation Commission (NMSA 1978 on NMOneSource.com) actually says:\n\n“Prior to January 1, 2025, a taxpayer may claim a deduction from net income in an amount determined pursuant to Subsection B of this section for medical care expenses paid during the taxable year”\n\nNote: This is a New Mexico-specific deduction;", "source_type": "official", "source_link": "https://nmonesource.com/nmos/nmsa/en/4340/1/document.do", "last_verified": "2026-10-18", "reliability": "STRONG PRACTICE", "source_tier": "A", "source_publisher": "New Mexico Compilation Commission (NMSA 1978 on NMOneSource.com)", "evidence_quote": "Prior to January 1, 2025, a taxpayer may claim a deduction from net income in an amount determined pursuant to Subsection B of this section for medical care expenses paid during the taxable year", "volatility": "high", "from_batch": "733-new-mexico-state-creator-tax-deductions", "subject": "NMSA 1978, 7-2-37", "topic": "Medical-care expense deduction ended after 2024", "applies_to_country": "US", "applies_to_scope": "NM", "tags": { "lane": "any", "stage": "setting_up", "region": [ "us-nm" ], "platform": "any", "topic": [ "unclassified" ], "explicitness": "any" } }, { "id": "learn_r733_new_mexico_state_creator_tax_deductions_733_new_mexico_state_creator_tax_deductions_deadline", "category": "Business", "title": "NMSA 1978, 7-2-12: Filing deadline", "summary": "NMSA 7-2-12: the return and tax are due on or before the due date of the federal income tax return for the taxable year.", "body": "NMSA 7-2-12: the return and tax are due on or before the due date of the federal income tax return for the taxable year.\n\nWhat New Mexico Compilation Commission (NMSA 1978 on NMOneSource.com) actually says:\n\n“shall, on or before the due date of the resident's or individual's federal income tax return for the taxable year, file the return and pay the tax imposed for that year.”", "source_type": "official", "source_link": "https://nmonesource.com/nmos/nmsa/en/4340/1/document.do", "last_verified": "2026-10-18", "reliability": "STRONG PRACTICE", "source_tier": "A", "source_publisher": "New Mexico Compilation Commission (NMSA 1978 on NMOneSource.com)", "evidence_quote": "shall, on or before the due date of the resident's or individual's federal income tax return for the taxable year, file the return and pay the tax imposed for that year.", "volatility": "low", "from_batch": "733-new-mexico-state-creator-tax-deductions", "subject": "NMSA 1978, 7-2-12", "topic": "Filing deadline", "applies_to_country": "US", "applies_to_scope": "NM", "tags": { "lane": "any", "stage": "setting_up", "region": [ "us-nm" ], "platform": "any", "topic": [ "unclassified" ], "explicitness": "any" } }, { "id": "learn_r733_new_mexico_state_creator_tax_deductions_733_new_mexico_state_creator_tax_deductions_abs_179", "category": "Business", "title": "NMSA 1978, Chapter 7, Article 2 (Income Tax Act): New Mexico-specific home-office or Section 179 rule: none found", "summary": "The Income Tax Act sections read (7-2-1 to 7-2-41 deduction and exemption headings) contain no New Mexico home-office deduction and no separate Section 179 first-year expensing amount; with 'adjusted gross income' defined by reference to Section 62 of the Internal Revenue Code, a self-employed filer's federal business deductions carry into New Mexico taxable income.", "body": "The Income Tax Act sections read (7-2-1 to 7-2-41 deduction and exemption headings) contain no New Mexico home-office deduction and no separate Section 179 first-year expensing amount; with 'adjusted gross income' defined by reference to Section 62 of the Internal Revenue Code, a self-employed filer's federal business deductions carry into New Mexico taxable income.\n\nWhat New Mexico Compilation Commission (NMSA 1978 on NMOneSource.com) actually says:\n\n“\"adjusted gross income\" means adjusted gross income as defined in Section 62 of the Internal Revenue Code, as that section may be amended or renumbered;”\n\nNote: ABSENCE RECORD (inferred from section headings and the AGI definition, not from operative text). Index searched: Chapter 7 NMSA Article 2 section headings (exemptions 7-2-4 to 7-2-5.14, deductions 7-2-32 to 7-2-41) and text search for 'home office' and 'Section 179' in the Chapter 7 PDF on 2026-10-18 (0 hits for both). The PIT-ADJ instructions (PDF) were not read, so a New Mexico depreciation adjustment there is not excluded.", "source_type": "official", "source_link": "https://nmonesource.com/nmos/nmsa/en/4340/1/document.do", "last_verified": "2026-10-18", "reliability": "CREATOR STRATEGY", "source_tier": "A", "source_publisher": "New Mexico Compilation Commission (NMSA 1978 on NMOneSource.com)", "evidence_quote": "\"adjusted gross income\" means adjusted gross income as defined in Section 62 of the Internal Revenue Code, as that section may be amended or renumbered;", "volatility": "medium", "from_batch": "733-new-mexico-state-creator-tax-deductions", "subject": "NMSA 1978, Chapter 7, Article 2 (Income Tax Act)", "topic": "New Mexico-specific home-office or Section 179 rule: none found", "applies_to_country": "US", "applies_to_scope": "NM", "tags": { "lane": "any", "stage": "setting_up", "region": [ "us-nm" ], "platform": "any", "topic": [ "unclassified" ], "explicitness": "any" } }, { "id": "learn_r733_new_mexico_state_creator_tax_deductions_nm_anchor_nmsa", "category": "Business", "title": "[Unverified - being checked] New Mexico: statutory code index", "summary": "[Unverified - being checked] New Mexico's statutes are published as the New Mexico Statutes Annotated 1978 on the New Mexico Compilation Commission's NMOneSource site, with Chapter 7 titled Taxation and listed among 77 chapters on the scope-of-coverage index page.", "body": "New Mexico's statutes are published as the New Mexico Statutes Annotated 1978 on the New Mexico Compilation Commission's NMOneSource site, with Chapter 7 titled Taxation and listed among 77 chapters on the scope-of-coverage index page.\n\nWhat New Mexico Compilation Commission actually says:\n\n“New Mexico Statutes Annotated 1978 – current through the Second Session of the Fifty-Seventh Legislature (2026). Historical archives from 1989. Listing of NMSA Chapters 1. Elections. 2. Legislative Branch. 3. Municipalities. 4. Counties. 5. Municipalities and Counties. 6. Public Finances. 7. Taxation. 8. Elected Officials. 9. Executive Department. 10. Public Officers and Employees. 11. Intergovernmental Agreements and Authorities. 12. Miscellaneous Public Affairs Matters. 13. Public Purchases and Property. 14. Records, Rules, Legal Notices and Oaths. 15. Administration of Government. 16. Parks, Recreation and Fairs. 17. Wildlife and Outdoor Recreation. 18. Libraries, Museums and Cultural Properties. 19. Public Lands. 20. Military Affairs. 21. State and Private Education Institutions. 22. Public Schools. 22A. Other Public School Laws [Recompiled]. 23. State Health Institutions. 24. Health and Safety. 24A. Health Care Code. 25. Food. 26. Drugs and Cosmetics. 27. Public Assistance. 28. Human Rights. 29. Law Enforcement. 30. Criminal Offenses. 31. Criminal Procedure. 32. Children’s Code [Repealed]. 32A. Children’s Code. 33. Correctional Institutions. 34. Court Structure and Administration. 35. Magistrate and Municipal Courts. 36. Attorneys. 37. Limitation of Actions; Abatement and Revivor. 38. Trials. 39. Judgments, Costs, Appeals. 40. Domestic Affairs. 41. Torts. 42. Actions and Proceedings Relating to Property. 42A. Condemnation Proceedings. 43. Commitment Procedures. 44. Miscellaneous Civil Law Matters. 45. Uniform Probate Code. 46. Fiduciaries and Trusts. 46A. Uniform Trust Code. 46B. Uniform Power of Attorney Act. 47. Property Law. 48. Liens and Mortgages. 49. Land Grants. 50. Employment Law. 51. Unemployment Compensation. 52. Workers’ Compensation. 53. Corporations. 54. Partnerships. 55. Uniform Commercial Code. 56. Commercial Instruments and Transactions. 57. Trade Practices and Regulations. 58. Financial Institutions and Regulations. 59. Insurance [Repealed]. 59A. Insurance Code. 60. Business Licenses. 61. Professional and Occupational Licenses. 62. Electric, Gas and Water Utilities. 63. Railroads and Communications. 64. Aeronautics. 65. Motor Carriers. 66. Motor Vehicles. 67. Highways. 68. Timber. 69. Mines. 70. Oil and Gas. 71. Energy and Minerals. 72. Water Law. 73. Special Districts. 74. Environmental Improvement. 75. Miscellaneous Natural Resource Matters. 76. Agriculture. 77. Animals and Livestock”\n\nNote: Anchor record. The page heading 'Scope of Coverage' and the full chapter list are the verbatim evidence. Chapter 7 Taxation is the relevant title for this batch.", "source_type": "official", "source_link": "https://www.nmcompcomm.us/scope-of-coverage-2/", "last_verified": "2026-10-15", "reliability": "STRONG PRACTICE", "source_tier": "A", "source_publisher": "New Mexico Compilation Commission", "evidence_quote": "New Mexico Statutes Annotated 1978 – current through the Second Session of the Fifty-Seventh Legislature (2026). Historical archives from 1989. Listing of NMSA Chapters 1. Elections. 2. Legislative Branch. 3. Municipalities. 4. Counties. 5. Municipalities and Counties. 6. Public Finances. 7. Taxation. 8. Elected Officials. 9. Executive Department. 10. Public Officers and Employees. 11. Intergovernmental Agreements and Authorities. 12. Miscellaneous Public Affairs Matters. 13. Public Purchases and Property. 14. Records, Rules, Legal Notices and Oaths. 15. Administration of Government. 16. Parks, Recreation and Fairs. 17. Wildlife and Outdoor Recreation. 18. Libraries, Museums and Cultural Properties. 19. Public Lands. 20. Military Affairs. 21. State and Private Education Institutions. 22. Public Schools. 22A. Other Public School Laws [Recompiled]. 23. State Health Institutions. 24. Health and Safety. 24A. Health Care Code. 25. Food. 26. Drugs and Cosmetics. 27. Public Assistance. 28. Human Rights. 29. Law Enforcement. 30. Criminal Offenses. 31. Criminal Procedure. 32. Children’s Code [Repealed]. 32A. Children’s Code. 33. Correctional Institutions. 34. Court Structure and Administration. 35. Magistrate and Municipal Courts. 36. Attorneys. 37. Limitation of Actions; Abatement and Revivor. 38. Trials. 39. Judgments, Costs, Appeals. 40. Domestic Affairs. 41. Torts. 42. Actions and Proceedings Relating to Property. 42A. Condemnation Proceedings. 43. Commitment Procedures. 44. Miscellaneous Civil Law Matters. 45. Uniform Probate Code. 46. Fiduciaries and Trusts. 46A. Uniform Trust Code. 46B. Uniform Power of Attorney Act. 47. Property Law. 48. Liens and Mortgages. 49. Land Grants. 50. Employment Law. 51. Unemployment Compensation. 52. Workers’ Compensation. 53. Corporations. 54. Partnerships. 55. Uniform Commercial Code. 56. Commercial Instruments and Transactions. 57. Trade Practices and Regulations. 58. Financial Institutions and Regulations. 59. Insurance [Repealed]. 59A. Insurance Code. 60. Business Licenses. 61. Professional and Occupational Licenses. 62. Electric, Gas and Water Utilities. 63. Railroads and Communications. 64. Aeronautics. 65. Motor Carriers. 66. Motor Vehicles. 67. Highways. 68. Timber. 69. Mines. 70. Oil and Gas. 71. Energy and Minerals. 72. Water Law. 73. Special Districts. 74. Environmental Improvement. 75. Miscellaneous Natural Resource Matters. 76. Agriculture. 77. Animals and Livestock", "volatility": "", "from_batch": "733-new-mexico-state-creator-tax-deductions", "subject": "New Mexico", "topic": "statutory code index", "tags": { "lane": "any", "stage": "any", "region": [ "us-nm" ], "platform": "any", "topic": [ "safety.legal" ], "explicitness": "any" }, "verification": { "status": "unverified", "label": "Unverified - being checked", "reasons": [ "legal_fetch_over_cap" ], "checked_utc": "20261021-123916Z" } } ] }